# HYPE price at the end of the year? 

On Jan 1, 2027 at 12am EST

Updated: July 31, 2026

Category: Crypto

Tags: Hourly

HTML: /markets/crypto/hourly/hype-price-at-the-end-of-the-year/

## Short Answer

**Key takeaway.** Both the **model** and the **market** expect HYPE price to be **$45.0000** - **$49.9999** at the end of the year, with no compelling evidence of mispricing.

## Key Claims (January 2026)

**- - HYPE $45-$50 is likely, driven by ongoing token unlocks and cooled trading volumes.** - Persistent sell pressure from token releases and mixed institutional sentiment limit upside.
- Bullish scenarios above **$80,** informed by Polymarket data, indicate potential volatility.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Model**'s **14.9%** vs 13c **market** price implies a 7.7x payout given HYPE's continuous circulating supply expansion.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| $45.0000 - $49.9999 | 13.0% | 14.9% | Persistent token unlocks and cooled trading volumes may drive price consolidation between $46-$50. |
| $85.0000 - $89.9999 | 4.0% | 0.0% | Outside deterministic model scope. |
| $9.9999 or below | 5.0% | 0.0% | Outside deterministic model scope. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| $45.0000 - $49.9999 | 13.0% | 14.9% |
| $85.0000 - $89.9999 | 4.0% | — |
| $9.9999 or below | 5.0% | — |
| $10.0000 - $14.9999 | 0.0% | — |
| $15.0000 - $19.9999 | 0.0% | — |
| $20.0000 - $24.9999 | 0.0% | — |
| $25.0000 - $29.9999 | 0.0% | — |
| $30.0000 - $34.9999 | 0.0% | — |
| $35.0000 - $39.9999 | 0.0% | — |
| $40.0000 - $44.9999 | 0.0% | — |
| $50.0000 - $54.9999 | 0.0% | — |
| $55.0000 - $59.9999 | 0.0% | — |
| $60.0000 - $64.9999 | 0.0% | — |
| $65.0000 - $69.9999 | 0.0% | — |
| $70.0000 - $74.9999 | 0.0% | — |
| $75.0000 - $79.9999 | 0.0% | — |
| $80.0000 - $84.9999 | 0.0% | — |
| $90.0000 - $94.9999 | 0.0% | — |
| $95.0000 - $99.9999 | 0.0% | — |
| $100 or above | 0.0% | — |

- Expiration: January 1, 2027

## Market Behavior & Price Dynamics

This contract has seen minimal activity, with price action defined by a single move. The market opened at a 0.0% probability and shifted to 5.0% between July 22 and July 27, where it has remained. The price has not deviated from this level since. This sideways trend within a tight 0-5% band indicates a stable but untested market view. There are no established support or resistance levels beyond the floor at 0% and the current price of 5.0%.

The initial pricing at 5.0% likely reflects the market absorbing publicly available analyst forecasts. Published bull-case scenarios for HYPE's end-of-2026 price target range up to $100. This provides a fundamental basis for a non-zero probability. However, the market's conviction is exceptionally weak. Total volume stands at just one contract traded, which suggests the current 5.0% price is a result of extremely thin liquidity rather than a broad consensus formed through active trading.

Overall market sentiment is highly skeptical. The 5.0% probability implies traders see a remote chance of the high-end price target being met. The absence of significant trading volume further suggests a lack of interest or belief in the upside case, despite the existence of optimistic analyst predictions. The current price is not a reliable indicator of collective market expectation due to the negligible participation.

## Contract Snapshot

A 'YES' resolution for a specific HYPE price range (e.g., '$100 or above') occurs if the HYPE price falls within that range at the end of the year; otherwise, it resolves 'NO'. The market is scheduled to resolve based on the HYPE price at the end of the year preceding January 1, 2027, which is the maximum payout date for this contract. The exact source or methodology for determining the "HYPE price" is not detailed in the provided information.

## Market Discussion

As of July 31, 2026, forecasts for HYPE's year-end price typically range from $45–$75 to $80–$100 or higher, with one analysis in June 2026 estimating a probability-weighted fair value of approximately $106 [[^]](https://www.cryptopolitan.com/hyperliquid-price-prediction/)[[^]](https://coinpedia.org/price-prediction/hyperliquid-hype-price-prediction/)[[^]](https://www.tapbit.com/api/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://crypto.news/hyperliquid-price-prediction-2026-hype-100/)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid). Prediction market sentiment indicates a 36%–45% chance of HYPE reaching $100 before the end of 2026, but also higher probabilities (e.g., 73%) of it falling below $50 [[^]](https://coinpedia.org/price-prediction/hyperliquid-hype-price-prediction/)[[^]](https://lookonchain.com/feeds/58366). Bullish sentiment is fueled by institutional support and HYPE's revenue-linked buyback mechanism, while bearish concerns stem from recent ETF outflows, institutional token unstaking, and broader market volatility [[^]](https://crypto.news/hyperliquid-price-prediction-2026-hype-100/)[[^]](https://lookonchain.com/feeds/58366)[[^]](https://bitrss.com/hyperliquid-s-token-is-tanking-as-etf-investors-flee-so-why-does-grayscale-think-it-is-massively-undervalued-236744)[[^]](https://www.namecoinnews.com/hype-mixed-signal-institutions-buy-sell/)[[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026)[[^]](https://docs.cfbenchmarks.com/2026%20Mid-Year%20Market%20Outlook-compressed.pdf).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| $10.0000 - $14.9999 | 0% | 3% | 0% | $0 | $0 |
| $15.0000 - $19.9999 | 0% | 3% | 0% | $0 | $0 |
| $20.0000 - $24.9999 | 0% | 3% | 0% | $0 | $0 |
| $25.0000 - $29.9999 | 0% | 3% | 0% | $0 | $0 |
| $30.0000 - $34.9999 | 0% | 5% | 0% | $0 | $0 |
| $35.0000 - $39.9999 | 0% | 6% | 0% | $0 | $0 |
| $40.0000 - $44.9999 | 0% | 8% | 0% | $0 | $0 |
| $45.0000 - $49.9999 | 9% | 14% | 13% | $301.74 | $294.74 |
| $50.0000 - $54.9999 | 2% | 7% | 0% | $0 | $0 |
| $55.0000 - $59.9999 | 1% | 7% | 0% | $0 | $0 |
| $60.0000 - $64.9999 | 0% | 7% | 0% | $0 | $0 |
| $65.0000 - $69.9999 | 0% | 6% | 0% | $0 | $0 |
| $70.0000 - $74.9999 | 0% | 5% | 0% | $0 | $0 |
| $75.0000 - $79.9999 | 0% | 5% | 0% | $0 | $0 |
| $80.0000 - $84.9999 | 0% | 4% | 0% | $0 | $0 |
| $85.0000 - $89.9999 | 0% | 4% | 4% | $14.16 | $14.16 |
| $90.0000 - $94.9999 | 0% | 3% | 0% | $0 | $0 |
| $95.0000 - $99.9999 | 0% | 3% | 0% | $0 | $0 |
| $9.9999 or below | 0% | 1% | 5% | $1 | $1 |
| $100 or above | 10% | 16% | 0% | $0 | $0 |

## What assumptions regarding protocol revenue and user growth separate the bearish ($45) from bullish ($100) HYPE price targets for early 2027?

Bearish Price Target Early 2027 | $45 [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid) |
Bullish Price Target Early 2027 | $100 [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid) |
Bullish Revenue Pool Share | 7% [[^]](https://talkstodays.com/hyperliquid-hype-analysis-valuation/)[[^]](https://multicoin.capital/2026/06/25/hyperliquid-hype-analysis-and-valuation/)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid) |

**HYPE's early 2027 price targets range significantly due to varying assumptions about its future performance**

HYPE's early 2027 price targets range significantly due to varying assumptions about its future performance. Bearish estimates hover around **$45,** while bullish projections reach approximately **$100** [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid). These valuations are primarily influenced by varying assumptions regarding the protocol's share of revenue, its potential expansion into new markets, and its ability to sustain growth. Other critical determinants include competitive dynamics, broader **market** conditions, and the effective management of the token unlock schedule [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027)[[^]](https://www.bitrue.com/blog/hype-price-prediction-817-million-token-unlock)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid).

Bearish forecasts anticipate a **$45** HYPE target, citing **market** pressures and competitive disadvantages. This perspective stems from concerns over reduced trading volumes in perpetual decentralized exchange markets and intensified competition from ZK-based or incentive-driven platforms, which are expected to diminish Hyperliquid's **market** share [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027). Bearish models apply a lower assumption for HYPE's share of the comparable revenue pool (**3%**) and lower valuation multiples (40x), noting that current earnings may have peaked in Q3 2025 and subsequently declined [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026). Additionally, ongoing sell pressure from consistent monthly core contributor token releases and monthly token unlocks through 2027 further supports these bearish targets [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027)[[^]](https://www.bitrue.com/blog/hype-price-prediction-817-million-token-unlock)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid).

Bullish HYPE projections reach **$100,** driven by diversification and **market** recovery and predicting substantial growth. This optimistic target is predicated on Hyperliquid's successful diversification beyond perpetual futures into new asset classes such as equities, commodities, and prediction markets, coupled with a broader **market** recovery [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027). Bullish models project annual earnings to reach billions by 2028-2030, based on HYPE capturing a larger **7%** share of the comparable revenue pool and applying higher valuation multiples (75x) [[^]](https://talkstodays.com/hyperliquid-hype-analysis-valuation/)[[^]](https://multicoin.capital/2026/06/25/hyperliquid-hype-analysis-and-valuation/)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid). This valuation **model** also assumes HYPE captures a percentage of a comparable revenue pool that grows to approximately **$37.6** billion based on Bloomberg consensus projections, further supported by a clean completion of the vesting schedule without negative price impact [[^]](https://www.bitget.com/news/detail/12560605516522)[[^]](https://www.tapbit.com/en/learn/article/hype-usdt-price-prediction-2026-2030-can-hyperliquid-reach-100-20260729)[[^]](https://www.coingabbar.com/en/price-prediction/hyperliquid-price-prediction-2027)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid).

## How will the HYPE token unlock schedule between late 2026 and the resolution date impact its circulating supply and market price?

Monthly Contributor Unlocks | Approximately 550,000 tokens (on the 6th of each month) [[^]](https://www.crowdfundinsider.com/2026/07/294290-grayscale-investments-sees-hype-token-as-undervalued-relative-to-fintech-stocks/)[[^]](https://bitnewsbot.com/grayscale-hype-circulating-supply-270-310m/)[[^]](https://crypto-economy.com/grayscale-says-hyperliquids-hype-token-looks-undervalued-compared-with-fintech-stocks/) |
Scheduled Large Unlock Impact | Approximately 9.9 million HYPE per month (early 2026 through 2027) [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid) |
Projected Circulating Supply (End 2027) | 270 million to 310 million tokens [[^]](https://www.crowdfundinsider.com/2026/07/294290-grayscale-investments-sees-hype-token-as-undervalued-relative-to-fintech-stocks/)[[^]](https://bitnewsbot.com/grayscale-hype-circulating-supply-270-310m/)[[^]](https://crypto-economy.com/grayscale-says-hyperliquids-hype-token-looks-undervalued-compared-with-fintech-stocks/) |

**HYPE's circulating supply is projected to grow from late 2026 despite buybacks**

HYPE's circulating supply is projected to grow from late 2026 despite buybacks. This expansion is driven by scheduled unlocks, which currently outpace the deflationary impact of the existing fee-funded buyback-and-burn mechanism [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://perp.wiki/learn/hype-tokenomics-deep-dive). The total supply is strictly capped at 1 billion tokens, with no new tokens being minted; therefore, any shifts in circulating supply are solely determined by unlocks and burns [[^]](https://perp.wiki/learn/hype-tokenomics-deep-dive).

Specific unlock schedules are set to significantly expand the HYPE token supply. Core contributors are subject to a vesting schedule that results in monthly unlocks of approximately 550,000 tokens on the 6th of each month [[^]](https://www.crowdfundinsider.com/2026/07/294290-grayscale-investments-sees-hype-token-as-undervalued-relative-to-fintech-stocks/)[[^]](https://bitnewsbot.com/grayscale-hype-circulating-supply-270-310m/)[[^]](https://crypto-economy.com/grayscale-says-hyperliquids-hype-token-looks-undervalued-compared-with-fintech-stocks/). Additionally, a substantial unlock of roughly 238 million tokens will vest linearly over 24 months, beginning in early 2026, adding about 9.9 million HYPE per month through 2027 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid). These combined factors lead Grayscale models to forecast a circulating supply between 270 million and 310 million tokens by the end of 2027 [[^]](https://www.crowdfundinsider.com/2026/07/294290-grayscale-investments-sees-hype-token-as-undervalued-relative-to-fintech-stocks/)[[^]](https://bitnewsbot.com/grayscale-hype-circulating-supply-270-310m/)[[^]](https://crypto-economy.com/grayscale-says-hyperliquids-hype-token-looks-undervalued-compared-with-fintech-stocks/). The net float is anticipated to continue expanding until contributor vesting concludes in late 2027 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid).

HYPE's **market** price depends on the balance between unlocks and fee burns. Its valuation in late 2026 and early 2027 will primarily be influenced by the ongoing monthly contributor unlocks balanced against the deflationary pressure from fee burns [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.crowdfundinsider.com/2026/07/294290-grayscale-investments-sees-hype-token-as-undervalued-relative-to-fintech-stocks/)[[^]](https://crypto-economy.com/grayscale-says-hyperliquids-hype-token-looks-undervalued-compared-with-fintech-stocks/). While Hyperliquid's buyback mechanism, which is funded by trading fees, averages approximately **$65** million–**$74** million monthly, its deflationary effect is currently surpassed by the scheduled token unlocks [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://insights.deribit.com/education/hype-options-on-deribit/). Analysts, including Grayscale, have projected an "undervaluation" for HYPE at current price points (around **$54**–**$59** in July 2026) when considering forward earnings multiples and the controlled supply expansion [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.crowdfundinsider.com/2026/07/294290-grayscale-investments-sees-hype-token-as-undervalued-relative-to-fintech-stocks/)[[^]](https://crypto-economy.com/grayscale-says-hyperliquids-hype-token-looks-undervalued-compared-with-fintech-stocks/). **Market** participants typically evaluate HYPE's valuation based on its Fully Diluted Valuation (FDV) and its ability to attract trading volume [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://insights.deribit.com/education/hype-options-on-deribit/).

## How does the institutional accumulation of HYPE by a16z contrast with the selling pressure from venture firms like Multicoin and Bitwise in H2 2026?

a16z HYPE accumulation | 132,000 HYPE ($7.3 million) [[^]](https://coinalertnews.com/news/2026/07/30/institutional-hype-accumulation-selloff)[[^]](https://www.namecoinnews.com/hype-mixed-signal-institutions-buy-sell/)[[^]](https://www.chaincatcher.com/en/article/2278728) |
Multicoin Capital HYPE unstaked | 1.9 million HYPE ($108 million) [[^]](https://memeburn.com/multicoin-capital-unstakes-120m-hype/)[[^]](https://www.chaincatcher.com/en/article/2278728)[[^]](https://coinsprobe.com/institutional-hype-unstaking-selini-capital-deposits-26-8m-to-okx-multicoin-moves-portion-to-coinbase/) |
Hyperliquid Assistance Fund deployed | $1.3 billion as of May 2026 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid) |

**Institutional activity in HYPE diverged in late July 2026**

Institutional activity in HYPE diverged in late July 2026. Wallets associated with a16z reportedly withdrew over 132,000 HYPE, valued at approximately **$7.3** million, from exchanges, indicating an accumulation strategy [[^]](https://coinalertnews.com/news/2026/07/30/institutional-hype-accumulation-selloff)[[^]](https://www.namecoinnews.com/hype-mixed-signal-institutions-buy-sell/)[[^]](https://www.chaincatcher.com/en/article/2278728). Conversely, Multicoin Capital and Bitwise initiated significant selling pressure in late July 2026 by unstaking and depositing millions of dollars worth of HYPE into centralized exchanges [[^]](https://coinalertnews.com/news/2026/07/30/institutional-hype-accumulation-selloff)[[^]](https://www.namecoinnews.com/hype-mixed-signal-institutions-buy-sell/)[[^]](https://www.chaincatcher.com/en/article/2278728). Multicoin Capital's unstaking activity, which involved over 1.9 million HYPE worth approximately **$108** million, drew considerable **market** attention during this period [[^]](https://memeburn.com/multicoin-capital-unstakes-120m-hype/)[[^]](https://www.chaincatcher.com/en/article/2278728)[[^]](https://coinsprobe.com/institutional-hype-unstaking-selini-capital-deposits-26-8m-to-okx-multicoin-moves-portion-to-coinbase/).

However, the evidence for these specific actions is debated. While Multicoin Capital's unstaked funds were notable, a significant portion was moved to HyperEVM rather than immediately sold on the open **market**, showing nuanced **market** implications [[^]](https://memeburn.com/multicoin-capital-unstakes-120m-hype/)[[^]](https://www.chaincatcher.com/en/article/2278728)[[^]](https://coinsprobe.com/institutional-hype-unstaking-selini-capital-deposits-26-8m-to-okx-multicoin-moves-portion-to-coinbase/). Some research indicates a lack of specific evidence within its own sources for institutional accumulation by a16z or selling pressure from venture firms like Multicoin and Bitwise in H2 2026 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/sticky-inflation-a-hawkish-fed-and-a-broad-pullback). Instead, these sources highlight regulated spot HYPE ETFs, such as Grayscale's HYPG and Bitwise's BHYP, as key drivers of institutional support by allowing exposure without on-chain custody [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid). Additionally, Hyperliquid's internal Assistance Fund acts as a major buy-side pressure, having deployed over **$1.3** billion by May 2026 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid). The provided research does not contain specific price predictions for HYPE on January 1, 2027 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/sticky-inflation-a-hawkish-fed-and-a-broad-pullback).

## Do Hyperliquid's on-chain metrics, particularly protocol revenue and daily active users in H2 2026, validate models supporting a HYPE price above $50?

Annualized Fees H1 2026 | Exceeding $1 billion (as of July 31, 2026) [[^]](https://coinedition.com/hyperliquid-turns-1-26-trillion-in-trading-volume-into-276m-in-revenue/)[[^]](https://bitrss.com/hyperliquid-revenue-rebounds-above-20m-as-open-interest-hits-7-9-record-218445) |
Monthly Active Users | Approximately 220,760 (mid-June 2026) [[^]](https://crypto-economy.com/hyperliquid-monthly-active-users-jump-21-8-to-220-8k-in-just-five-weeks/)[[^]](https://crypto-economy.com/hyperliquid-grows-through-the-bear-market/) |
HYPE Price | $33 (July 31, 2026) [[^]](https://cryptoslate.com/predictions/market/what-price-will-hyperliquid-hit-before-2027/)[[^]](https://robinhood.com/us/en/prediction-markets/crypto/events/hype-price-on-jul-31-2026-at-5pm-edt-jul-24-2026/) |

**Specific on-chain metrics for Hyperliquid's protocol revenue or daily active users in the second half of 2026 are not available to directly validate models supporting a HYPE price above $50**

Specific on-chain metrics for Hyperliquid's protocol revenue or daily active users in the second half of 2026 are not available to directly validate models supporting a HYPE price above **$50**. The provided data primarily covers the first half of 2026 or periods concluding mid-year. As of July 31, 2026, Hyperliquid had generated over **$275** million in passive revenue and more than **$380** million in gross fees during the first half of 2026, with annualized fees exceeding **$1** billion [[^]](https://coinedition.com/hyperliquid-turns-1-26-trillion-in-trading-volume-into-276m-in-revenue/)[[^]](https://bitrss.com/hyperliquid-revenue-rebounds-above-20m-as-open-interest-hits-7-9-record-218445). Monthly active users reached approximately 220,760 in mid-June 2026 [[^]](https://crypto-economy.com/hyperliquid-monthly-active-users-jump-21-8-to-220-8k-in-just-five-weeks/)[[^]](https://crypto-economy.com/hyperliquid-grows-through-the-bear-**market**/).

Valuation models projected high HYPE prices despite **market** shifts and declining earnings. While one mid-2026 valuation **model** projected a fair value near **$106,** supporting a price above **$50,** these models assume that revenue and earnings growth can re-accelerate despite a cyclical cooling observed in perpetual-DEX activity during late 2025 and early 2026 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/see-crypto-portfolio-return-drivers-in-3d-with-dacs). As of June 2026, Hyperliquid's protocol revenue over the trailing twelve months was approximately **$924** million, with most directed to HYPE buybacks [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026)[[^]](https://docs.cfbenchmarks.com/**2026%**20Mid-Year%20Market%20Outlook-compressed.pdf). However, earnings had peaked in Q3 2025 and subsequently faced a downward trend through early 2026 [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026)[[^]](https://docs.cfbenchmarks.com/**2026%**20Mid-Year%20Market%20Outlook-compressed.pdf)[[^]](https://www.cfbenchmarks.com/blog/see-crypto-portfolio-return-drivers-in-3d-with-dacs).

HYPE's price reflected institutional shifts more than on-chain data during this period. The HYPE token price on July 31, 2026, was trading around **$33,** and **market** participants assigned a significant **probability** of HYPE falling below **$50** at the end of the year, despite strong underlying fundamentals supporting bullish cases [[^]](https://cryptoslate.com/predictions/**market**/what-price-will-hyperliquid-hit-before-2027/)[[^]](https://robinhood.com/us/en/prediction-markets/crypto/events/hype-price-on-jul-31-2026-at-5pm-edt-jul-24-2026/). HYPE price performance in 2026 has been heavily influenced by institutional developments, including the launch of U.S. spot HYPE ETFs in May 2026, rather than strictly on-chain activity metrics [[^]](https://www.cfbenchmarks.com/blog/sticky-inflation-a-hawkish-fed-and-a-broad-pullback)[[^]](https://www.cfbenchmarks.com/blog/hawkish-fed-geopolitical-fragility-broaden-drawdown).

## What do HYPE options and futures contracts on Deribit indicate about trader sentiment and expected volatility for the Jan 1, 2027 resolution?

HYPE Derivatives Launch | June 2026 (Deribit) [[^]](https://insights.deribit.com/exchange-updates/hype-derivatives-launching-on-deribit/)[[^]](https://insights.deribit.com/education/hype-options-on-deribit/)[[^]](https://tradersunion.com/news/brokers-news/show/2464516-deribit-unveils-hype-usdc-derivatives/) |
Market Sentiment by Jan 1, 2027 | Mixed and volatile [[^]](https://cryptobriefing.com/hyperliquid-enables-prediction-markets-with-30m-hype-stake-no-validator-approval/)[[^]](https://cryptoslate.com/predictions/market/what-price-will-hyperliquid-hit-before-2027/) |
Professional Price Forecast (early 2027) | $57 to $123 [[^]](https://3commas.io/predictions/hyperliquid)[[^]](https://www.cryptopolitan.com/hyperliquid-price-prediction/) |

**Deribit recently introduced HYPE derivatives with emerging market characteristics**

Deribit recently introduced HYPE derivatives with emerging **market** characteristics. Launched on June 23, 2026, these USDC-settled instruments include perpetuals, dated futures, and European-style, cash-settled options [[^]](https://insights.deribit.com/exchange-updates/hype-derivatives-launching-on-deribit/)[[^]](https://insights.deribit.com/education/hype-options-on-deribit/)[[^]](https://tradersunion.com/news/brokers-news/show/2464516-deribit-unveils-hype-usdc-derivatives/)[[^]](https://support.deribit.com/hc/en-us/articles/31424932728093-Linear-USDC-Options). They allow traders to hedge, speculate, or express views on the HYPE token's price direction and volatility [[^]](https://insights.deribit.com/education/hype-options-on-deribit/). Although the options display implied volatility, offering insights into expected price movements [[^]](https://insights.deribit.com/education/hype-options-on-deribit/)[[^]](https://support.deribit.com/hc/en-us/articles/31424932728093-Linear-USDC-Options), the options markets on Deribit are relatively new. They currently exhibit modest liquidity and wide spreads, making them more suitable for smaller transactions or professional institutional participants [[^]](https://loris.tools/options/hype)[[^]](https://www.linkedin.com/posts/tradeparadigm_hype-options-are-still-young-on-deribit-activity-7476264499667312640-0c5g).

Trader sentiment for HYPE by early 2027 remains highly divided. **Market** expectations for HYPE's price by January 1, 2027, are currently mixed and volatile, with prediction markets showing a range of probabilistic outcomes [[^]](https://cryptobriefing.com/hyperliquid-enables-prediction-markets-with-30m-hype-stake-no-validator-approval/)[[^]](https://cryptoslate.com/predictions/**market**/what-price-will-hyperliquid-hit-before-2027/). There are substantial open positions distributed between upside potential, targeting **$80**-**$100,** and downside risks, such as falling below **$50** [[^]](https://cryptobriefing.com/hyperliquid-enables-prediction-markets-with-30m-hype-stake-no-validator-approval/)[[^]](https://cryptoslate.com/predictions/**market**/what-price-will-hyperliquid-hit-before-2027/). Professional price forecasts for HYPE in early 2027 also diverge; some models anticipate stabilization around **$57,** while others project more bullish ranges of **$96** to **$123** [[^]](https://3commas.io/predictions/hyperliquid)[[^]](https://www.cryptopolitan.com/hyperliquid-price-prediction/). Despite these varying forecasts, aggregated derivatives data suggests a normalizing environment for HYPE, characterized by balanced funding rates and recent deleveraging, which indicates the **market** is not experiencing an extreme bullish or bearish bias [[^]](https://quantority.com/coins/HYPE).

## What Could Change the Odds

**HYPE, the native token of Hyperliquid, a Layer 1 blockchain and perpetual futures exchange, is fundamentally driven by its ecosystem's growth and its internal mechanics [[^]](https://coinmarketcap.com/currencies/hyperliquid/)[[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026).** Key growth catalysts include expanded trading volume on the DEX, the HyperEVM ecosystem's development, staking utility, and HYPE's performance as a gas token [[^]](https://coinmarketcap.com/currencies/hyperliquid/). The protocol's revenue **model** directs approximately 97-**99%** of fees and collateral yield to buybacks, supporting token value [[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026)[[^]](https://docs.cfbenchmarks.com/**2026%**20Mid-Year%20Market%20Outlook-compressed.pdf). Institutional analysis from CF Benchmarks as of June 2026 provided a fair value estimate for HYPE of approximately **$106** per token, based on a valuation framework utilizing fully diluted supply [[^]](https://www.cfbenchmarks.com/blog/pricing-the-perp-dex-leader-a-valuation-framework-for-hyperliquid)[[^]](https://www.cfbenchmarks.com/blog/category/research-and-insights). This revenue-generating **model**, however, is susceptible to cyclical earnings, with a reported peak in Q3 2025 [[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026)[[^]](https://docs.cfbenchmarks.com/**2026%**20Mid-Year%20Market%20Outlook-compressed.pdf).

**Market infrastructure developments also act as catalysts.** Deribit launched a suite of HYPE derivatives, including perpetual futures and options, in June 2026, offering institutional-grade hedging and speculative tools [[^]](https://insights.deribit.com/education/hype-options-on-deribit/)[[^]](https://insights.deribit.com/exchange-updates/hype-derivatives-launching-on-deribit/). Polymarket prediction markets reflect expectations for price volatility, with event contracts resolving based on HYPE reaching specific price thresholds before January 1, 2027 [[^]](https://polymarket.com/event/what-price-will-hyperliquid-hit-before-2027)[[^]](https://cryptoslate.com/predictions/**market**/what-price-will-hyperliquid-hit-before-2027/). As of July 20, 2026, Polymarket indicated a **59%** **probability** of HYPE touching below **$50** and a **51.5%** **probability** of reaching above **$80** before 2027 [[^]](https://cryptoslate.com/predictions/**market**/what-price-will-hyperliquid-hit-before-2027/). A primary risk remains the potential for cyclical revenue declines and the fact that buybacks are governance policy rather than a contractual dividend [[^]](https://www.cfbenchmarks.com/blog/mid-year-outlook-2026).

## Key Dates & Catalysts

- **Strike Date:** January 01, 2027
- **Expiration:** January 08, 2027
- **Closes:** January 01, 2027

## Decision-Flipping Events

- HYPE, the native token of Hyperliquid, a Layer 1 blockchain and perpetual futures exchange, is fundamentally driven by its ecosystem's growth and its internal mechanics [^] [^] [^] .
- Key growth catalysts include expanded trading volume on the DEX, the HyperEVM ecosystem's development, staking utility, and HYPE's performance as a gas token [^] .
- The protocol's revenue **model** directs approximately 97-**99%** of fees and collateral yield to buybacks, supporting token value [^] [^] .
- Institutional analysis from CF Benchmarks as of June 2026 provided a fair value estimate for HYPE of approximately **$106** per token, based on a valuation framework utilizing fully diluted supply [^] [^] .

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## Historical Resolutions

No historical resolution data available for this series.

## Disclaimer

This content is for informational and educational purposes only and does not constitute financial, investment, legal, or trading advice.
Prediction markets involve risk of loss. Past performance does not guarantee future results.
We are not affiliated with Kalshi or any prediction market platform. Market data may be delayed or incomplete.

### Data Sources & Model Transparency

**Data Sources:** Octagon Deep Research aggregates information from multiple sources including news, filings, and market data.

**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.

**Partial model coverage:** Model probabilities were generated for 1 of 1 in-scope outcome(s). Outcomes outside the deterministic model scope show market prices only.

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